When you start working for yourself, you do not get your first tax bill for a while, so it may help your budgeting to start putting money aside now. The ready reckoner tool can help you with this. It shows you roughly how much money you might need to meet your Income Tax and Class 4 National Insurance bill. It doesnt take into consideration any Payments on Account you may have to make.
Areas Covered: Nationwide
Website: http://www.hmrc.gov.uk/tools/sa-ready-reckoner/index.htm
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